Yesterday , I did a easy tough calculation about General Motors to try to get at how much manufacturing job loss one could attribute to overseas competition versus automation and productivity increases. Varied commenters objected that my assumptions were too simplistic, notably in neglecting the home content in international autos and the significance of shifts in the supply chain over time.
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I am a scientist and innovator within the technology industry, with a broad range of interests and experiences. I’ve a Physics PhD, MS in CS, and have done research , lived in cohousing communities, run a business, and designed technology merchandise. Professionally, I have primarily worked on laptop safety problems. At present I’m Adjunct Professor of Pc Science at Cornell, but this weblog represents my views solely. Email me at stuart – at – earlywarn – dot – org. I do learn all e mail, but because the weblog is a component-time unfunded enterprise, I often fail to reply because of lack of time – apologies.
The odd-trying line on this graph is the one for domestic consumption of autos and parts as a fraction of GDP; the line starts to drop after 2002, only reversing in 2010. It’s odd to me as a result of a graph of US automobile gross sales is essentially flat from 2001 to 2007 at between sixteen and 17 million vehicles per yr. Studying off Stuart’s graph above, the gross consumption line begins at about 3.7% of GDP in 2001 and drops to round 2.8% in 2007, so roughly a 25% drop. Taking a look at BEA Desk 1.1.5. US GDP rose 36% throughout that interval.
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